Comcast is in talks to sell 30% stake in Hulu to Disney — here's how it will decide
Comcast has had a frustrating run as a partial owner of video streaming platform Hulu, but that doesn't make the decision to sell its minority stake in the company any easier.
For years, Comcast was barred from having a say in Hulu's direction — part of a consent decree Comcast agreed to when it acquired NBCUniversal in 2011. As of today, NBC provides about 17% of Hulu's content. NBC has no plans to remove content from Hulu, which will continue to serve as NBC's vessel for same-season shows even after the launch of the company's new streaming service in 2020, according to people familiar with the matter.
Negative controls. While Comcast doesn't have majority control over Hulu, it does hold so-called"negative controls" on Hulu. These rights give Comcast certain veto power over different corporate actions associated with the company. While the specifics are private, protective provisions typically include veto power over raising capital, paying dividends, future acquisitions and potentially going public.
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